XM, Sirius higher as media stocks advance

DavidB. Wilkerson

SAN FRANCISCO (CBS.MW) -- Media and entertainment stocks were in positive territory Tuesday morning, with satellite radio stocks among the gainers after both companies announced agreements with Toyota Motor Corp.
TM, -0.84%
Sirius Satellite
SIRI, -1.97%
rose 56 cents, or 7 percent, to $8.65 after it said its products and services would be offered in nine Toyota models, both as post production or dealer-installed options, beginning in February. XM
xmsr
was up 69 cents at $38.42 after it said it would expand its existing deal with Toyota, expanding the number of models that offer its service as a dealer-installed option next year, and making it available as a factory-installed option in 2006. Elsewhere, diversified entertainment conglomerates advanced, with Walt Disney Co.
DIS, -0.80%
Time Warner
TWX, -0.30%
and Viacom
VIA, +4.31%VIAB, -2.05%
up modestly. (Viacom is a significant shareholder in MarketWatch Inc., the publisher of this report.)

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